Why was there a Great Depression? And why are there recessions? Why do currencies devalue -- and prices inflate? Why do you get poorer every time it happens? Why is there an IRS? And, do you *really* owe it to pay them your hard-earned money? Do banks create money out of thin air? They couldn't -- that would be a fraud! Well, but that is exactly what they do, under the term of "fractional reserve creation". And they then lend it to you, and more disturbingly, to your government, with interest. And you're forced to back that up with real wealth -- your car, your home, your gold, your labor. The products of your work actually pay for *fake* bank money. Money as Debt is a powerful animated documentary by videographer Paul Grignon. It accurately explains the evolution and functioning of banking, and the international monetary system. It's a must watch, if you really want to know how the issuance of currency not only affects, but also *determines* your financial well-being. Spread this film to everyone you know. It is an essential resource for the understanding of world economics, and on how it affects the individual. You can also buy this video and support the filmmaker in www.moneyasdebt.net/ mises.org/ www.infowars.com/ www.cuttinghroughthematrix.com/ www.ronpaul.org/ FAIR USE NOTICE: This video contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of issues of ecological and humanitarian significance. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material in this video is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: www.law.cornell.edu/uscode/17/107.shtml. lf you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.